City of Austin Housing and Planning Committee met Oct. 24.
Here is the agenda provided by the committee:
The Board may go into a closed session as permitted by the Texas Open Meetings Act, (Chapter 551 of the Texas Government Code) regarding any item on this agenda.
Consent
1. Approve the meeting minutes of the Austin Housing Finance Corporation Board of Directors meetings for August 14, 2024, and August 29, 2024.
2. Approve a resolution authorizing the formation of AHFC 12100 Metric Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving its certificate of formation and bylaws; appointing its board of directors and president; and authorizing AHFC 12100 Metric Non-Profit Corporation to act as general partner of the limited partnership that will own Twelve100 located at or near 12100 Metric Boulevard, Austin, Texas 78758.
3. Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire Twelve100, a 384-unit multifamily development for affordable housing purposes, located at 12100 Metric Boulevard, Austin, Texas 78758, in an amount not to exceed $7,000,000, including closing costs; and authorize negotiation and execution of a ground lease (District 7).
4. Authorize negotiation and execution of amendments to eight existing agreements with nonprofit organizations to prevent the displacement of renters and homeowners and create economic mobility opportunities in the most vulnerable communities within one mile of the Project Connect system, in an amount not to exceed $10,900,000, divided among the eight non-profit organizations. Adjourn
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https://services.austintexas.gov/edims/document.cfm?id=438909